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Forbes Earnings Preview: Ameriprise Financial

Leading up to Ameriprise Financial‘s (AMP) announcement of its fourth quarter earnings on Wednesday, January 30, 2013 analysts have become more wary as expectations have fallen over the past month to earnings of $1.48 per share from earnings of $1.51 per share.

Analysts are estimating a 11.3% increase from the year-ago quarter, when Ameriprise reported earnings of $1.33 per share.

Over the past three months, the consensus estimate has fallen from $1.55. For the fiscal year, analysts are expecting earnings of $5.37 per share. Revenue is projected to eclipse the year-earlier total of $2.59 billion by 2.2%, finishing at $2.65 billion for the quarter. For the year, revenue is expected to come in at $10.27 billion.

The revenue growth in the third quarter came after three consecutive quarters of falling revenue. In the most recent quarter, revenue increased 0.5% year-over-year. Prior to that, revenue had been falling; it dropped 4.2% in the second quarter, 3.5% in the first quarter and 1.1% in the fourth quarter of the last fiscal year.

The company has experienced a two-quarter streak of profit loss. The company posted profit falling by 36.6% in the third quarter. This is after it reported a profit decline in the second quarter by 27.8%.

The majority of analysts (66.7%) rate Ameriprise as a buy. This compares favorably to the analyst ratings of its nearest nine competitors, which average 51.8% buys. Analysts have become more optimistic about the stock recently and the number of buy ratings has risen slightly over the past three months. Consequently, over the past quarter the stock price has increased from $59.30 on October 29, 2012 to $66.88.

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